Lightsource BP, the solar power company backed by BP Plc (LON:BP), has closed a USD-285-million (EUR 243.4m) financing round for its 300-MW Bighorn Solar project in Colorado. Construction at the site in Pueblo is already undergoing and is expected to take between 12 and 14 months, Lightsource BP said on Thursday. The photovoltaic (PV) complex […]
How BP Plans to Make Oil-Like Returns From Renewables
The oil major wants to make returns of 8 to 10 percent from renewables projects as it chases a 50-gigawatt target for 2030. The shift to low-carbon energy will transform oil companies, and BP wants to be at the vanguard of the industry in making those changes, having set a net-zero target for 2050 earlier […]
Lightsource BP sells five solar energy projects to Statkraft Ireland
LONDON: Solar energy developer Lightsource BP, a joint venture of BP PLC BP.L, said on Thursday it had sold five solar energy projects to Statkraft Ireland. The projects have a combined capacity of 275 megawatts and are in the late stages of development. They are located in the counties of Meath, Laois, Tipperary and Cork […]
Greencoat Capital to buy solar portfolio from Blackrock, Lightsource BP
LONDON: Greencoat Capital has agreed to buy a 156 megawatt (MW) portfolio of solar assets in Britain from investment management firm BlackRock Real Assets and solar energy developer Lightsource BP, it said on Thursday. The portfolio’s electricity output will supply around 45,000 homes a year. Financial details of the deal were not disclosed. BlackRock’s Global […]
Lightsource BP Explores Green Hydrogen Site Powered by 1.5GW of Australian Renewables
Co-located solar and wind at a massive scale could fuel a potential ammonia export business. BP and its solar joint venture Lightsource BP are exploring a potential green hydrogen plant in Australia powered by 1.5 gigawatts of wind and solar. The oil major announced on Friday that a feasibility study was underway for a huge […]
Conway Corp & Lightsource BP Announce 132 MW Solar Project
CONWAY, Ark.: The Conway Corp Board of Directors approved a 20-year purchase power agreement with Lightsource BP, a global solar leader, at its April 3, 2020 meeting. The agreement is for the development of a 132 MWdc solar energy project in White County, Ark. Lightsource BP will finance, build, own and operate the facility […]
BP increases stake in solar energy firm Lightsource BP
LONDON: BP (BP.L) is increasing its stake in solar energy developer Lightsource BP to 50% from 43% and is aiming for rapid growth over the next few years, the two companies said on Thursday. European oil companies like BP have been stepping up investment in renewable power to diversify their businesses in the face of […]
EVRAZ Pueblo to Use Solar Power to Produce the Greenest Steel
EVRAZ North America, Xcel Energy and Lightsource BP announced they have reached a long-term agreement to develop a new 240-megawatt solar facility in Pueblo. This innovative agreement makes possible EVRAZ North America’s planned long-term investment in Colorado, while supporting the goals of Xcel Energy’s partners and community. Lightsource BP and project investors on its side […]
Penn State and Lightsource BP Start Construction on One of the Largest Solar Projects in Pennsylvania
Landmark project will provide the University millions of dollars in energy savings over its 25-year contract with Lightsource BP, while maximizing the sustainability impacts of solar farming PHILADELPHIA: A unified mission Penn State, consistently ranked as a top 25 research university in the United States, in partnership with Lightsource BP, a global solar leader, are breaking […]
Lightsource BP makes major Brazil solar acquisition
The London-based firm, in which BP holds a 43% stake, said in a statement it bought 1.9 gigawatt of projects from independent renewables developer Enerlife for an undisclosed sum LONDON: Solar energy developer Lightsource BP has acquired a large number of projects in Brazil with a potential to nearly double its current global capacity. The […]